• Korea Real Estate Review
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• v.28 no.1
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• pp.53-63
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• 2018

This paper shows that the value of land can vary based on the future availability of the land. According to the Korean principles of land appraisal by the Ministry of Land, Infrastructure, and Transport (MOLIT), the value of a piece of land is derived mainly from the latter's fertility level or local environment. In practice, however, the values of lands may vary even though their fertility level is invariant. This paper investigates a fundamental question for many professional appraisers who argue that appraisal practices are different from the principles of appraisal. It highlights the appraisal practices for agricultural and forestry lands, which have similar agricultural productivity levels or environmental conditions. It is shown in this paper that even though the fertility level of lands is invariant, the values of lands may vary based on their locations. Therefore, this can complement the principles of land appraisal. In this paper, real cases in local areas in Gapyeong County, Kyounggi province are investigated. It can be seen from the cases in the local areas that two agricultural lands may have different values based on their locations even though they have almost similar fertility levels (e.g., their physical distance from each other is less than 0.5 km but their values differ by around 19%). This paper thus argues that the value of a piece of land can be determined by its availability.

• Korea Real Estate Review
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• v.28 no.4
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• pp.7-22
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• 2018

This study aimed to empirically analyze the factors that influence newlyweds' housing tenure. For this, a questionnaire survey was conducted among newlyweds living nationwide who had been married for 5 years or less and were under the age of 40. The results of the survey were empirically analyzed by applying various variables. With regard to parental financial support among the factors influencing newlyweds' housing tenure, the analysis results showed that the probability of owner occupancy was high among the households with parental financial support than among those with none, and the larger the size of the parental financial support was, the higher the probability that the newlyweds owned the house they were occupying. As for the housing loan variable, it was found that the probability of owner occupancy was high among the newlyweds with a housing loan than among those with none, and the larger the amount of the newlyweds' housing loan was, the higher the probability that they owned the house they were occupying. As opposed to what is generally recognized, however, the survey showed that the higher the ratio of dual earners is, the lower the owner occupancy probability due to the probability of job transition, etc. In addition, it was found that the probability of owner occupancy for the newlyweds living in Seoul was lower than that for the newlyweds living in other regions in South Korea. Accordingly, this study showed that appropriate levels of parental economic indicators should also be reflected in the stable housing support and loan policies for newlyweds in the context that the succession to their parents' fortunes is generalized.

• Korean Journal of Construction Engineering and Management
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• v.22 no.3
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• pp.61-68
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• 2021

This study analyzed the influencing factors for urban redevelopment projects with a relatively long project duration in the context of Seoul's increasing urbanization rate and aging. Among the business areas that have been designated since 2005 and have been approved for the management and disposal plan of the entire Seoul area, 75 business areas have been set as targets. A hedonic price model was used to analyze the project area, economic, and locational characteristics as independent variables with the project duration from designation of zones to approval of management and disposal plans as dependent variables. As a result of the analysis, the smaller the project area, the larger the area occupied per union member, the larger the land price change rate, and the smaller the KOSPI index, the shorter the required period. This study has the distinction of empirically analyzing the effect of characteristic variables considering size and economic and locational characteristics on period. It provides implications that the area of the business area, the number of union members, and economic conditions should be considered when establishing a business area.

• Korean Journal of Construction Engineering and Management
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• v.22 no.2
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• pp.3-11
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• 2021

Myanmar is an undeveloped country with high development value among Asian countries. Therefore, various countries including the U.S. are considering entering the market. In this respect, demand for real estate development project is forecast to grow on increased inflow of foreigners and Myanmar's economic growth. However, Myanmar is a high-risk country in terms of overseas companies, including national risk. In this study, we conducted an in-depth interview with experts (law, finance, technology, and local experts) after analyzing data on Myanmar to extract risk-causing factors. Through this, 106 risk factors were extracted, and the final risk classification system was established by conducting three-time groupings using the affinity diagramming. And the relative importance of each factor was presented using the analytic hierarchy process (AHP) technique. As a result, the country-related risk, the fund-related risk, and the pre-sale-related risk were highly important. The research results are expected to provide risk management standards to companies entering the Myanmar real estate development type project.

• Proceedings of the Korea Contents Association Conference
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• 2013.05a
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• pp.125-126
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• 2013

본 연구는 부동산 시장을 지역별(서울 강남, 강북지역) 및 주택형태별(아파트, 단독주택, 연립주택)로 분류하여 주식시장 및 각 형태별 주택시장의 수익률 동조화현상을 비교분석하였다. 또한 각 자산 간의 수익률을 1998년도 외환위기와 2008년도 글로벌 금융위기를 전후로 비교하여 기간 간의 수익률 및 수익률 변동성 차이에 대해서 분석하였다. 구분된 시기별로 각 자산의 수익률은 첫째, 주택시장은 주식시장과는 동조현상이 없는 것으로 분석되었으며, 둘째, 지역별 및 주택형태별 시장은 서로 동조현상이 있으나 그 정도는 시기에 따라 차이가 있는 것으로 분석되었다.

• Monthly Korean Chicken
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• v.16 no.3
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• pp.100-104
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• 2010

지난 1월말 미국 국제 양계박람회가 아틀란타시 GWCC 센터에서 3일간 열렸다. 양계박람회의 규모나 전시내용은 예전 갖지 않다는 평가와 함께 관람 인파도 한가해 보였다. 미국의 금융위기 여파와 부동산 시장이 꽁꽁 얼어붙었지만 초유의 한파와 함께 그동안 겪어보지 못한 이상기온에 눈까지 수북이 쌓여 교통이 마비되어 허둥지둥 되는 도시들을 볼 때 미국의 경제만큼이나 양계산업의 걱정이 엿보였다. 거대한 미국의 양계산업은 한 마디로 대형규모와 기계화로 무장되어 있고 양계장의 경영은 위리가 엄두를 못낼 정도로 상상 이상의 산업으로 발전하고 있었다. 특히 이번 방문이 미국이라는 거대한 토지위에 투자하고 있는 한국 이민자들의 거침없는 도전을 보았으며, 특히, 메릴랜드 주 양계산업의 현장을 직접 인터뷰하여 미국이라는 나라의 양계산업을 피부를 느낄 수 있어서 충격이 컸다. 이번 견학을 통해 많은 것을 보고 느낄 수 있었지만 많은 이야기는 서서히 하기로 하고 아주 작은 이야기만 이번호에서 하고자 한다.

• Environmental and Resource Economics Review
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• v.5 no.1
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• pp.113-136
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• 1995

자원 및 환경이 경제에 미치는 영향이 큼에도 불구하고 경제-환경의 상관관계를 분석하는 방법은 아직 초보 단계에 있다. 본 연구에서는 UN, 세계은행, 멕시코 정부가 구축한 환경계정(環境計定)을 한 국가의 경제상태를 사회계정에 도입한 후, 환경(環境)-사회계정(社會計定)(ESAM) 행렬을 구축하고, Pyatt와 Round의 분할 행렬 방법에 의해서 직 간접 파급승수 효과를 측정하여, 환경관련 외생변수가 경제변수에 미치는 효과를 분석하였다. 분할 행렬 분석 결과, 농업관련 외생변수에 변화가 있으면 제조업 부문과 상업부문, 민간 서비스부문(금융, 보험, 부동산)이 가장 크게 영향을 받는 것으로 나타났다. 또한 레온티에프의 승수효과와 유사한 전이효과(轉移效果)는 순수한 간접효과인 순환효과의 상쇄로 인해 기존의 산업 연관분석에 의존한 분석은 경제와 환경의 관계를 과대추정할 수 도 있다는 것이다. 자본 투자가 5% 감소할 경우, 경제 전 부문에 상당한 영향을 준 것으로 나타났으며 생산부문에서는 임업, 건설업이 가장 영향을 받으며, 환경부문에서는 토양의 침식으로 인한 환경서비스의 감소가 가장 크게 영향을 받는 것으로 추정되었고 수산자원 또한 많은 영향을 받는 것으로 나타났다.

• Journal of the Korean Society of Industry Convergence
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• v.25 no.6_3
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• pp.1191-1197
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• 2022

Recently, many studies have been conducted to utilize the digital aerial photogrammetry method in the field of cadastral surveying. The representative models of digital cameras currently used for aerial photogrammetry are classified into line-type and convex-type cameras, so the representative models were selected and analyzed. The purpose of this study was to analyze whether the accuracy suggested by the cadastral survey enforcement rules was satisfied by comparing the orthogonal and ortho image performance. As a result, there were some representative false points that exceeded the acceptable range, but the results extracted from most of the images were shown to satisfy the acceptable range. Therefore, it can be said that the application of digital aerial photogrammetry to the cadastral field in the technical aspect has sufficient potential.

• Journal of the Korean Society of Industry Convergence
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• v.25 no.6_2
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• pp.969-977
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• 2022

Currently, in Korea, aerial photogrammetry is being studied for cadastral boundaries and numerical maps. Since the announced value of cadastral survey is closely related to ownership, the accuracy and reliability of the published value should be emphasized above all else. However, although aerial photogrammetry has great advantages in economic feasibility and surveying efficiency, it has many limitations when extracting the boundary of cadastral survey based on the acquired image. In order to improve these limitations, in this study, an aerial target was applied to obtain reliability improvement. Therefore, in order to examine the usefulness of aerial photogrammetry for cadastral survey application, cadastral boundary extraction and accuracy comparison analysis were conducted.

• Journal of the Korea Academia-Industrial cooperation Society
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• v.17 no.6
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• pp.566-576
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• 2016

It is known that the Real Estate Sales Market and Auction Market are closely interrelated with each other in a variety of respects and the media often mention the real estate auction market as a leading indicator of the real estate market. The purpose of this paper is to analyze the relationships between the housing market and auction market before and after macroeconomic fluctuations using VECM. The period from January 2002 to December 2008, which was before the financial crisis, was set as Model 1 and the period from January 2009 to November 2015, which was after the financial crisis, was set as Model 2. The results are as follows. First, the housing auction market is less sensitive to changes in the housing market than it is to fluctuations in the auction market. This means that changes in the auction market precede fluctuations in the housing market, which shows that the auction market as a trading market is activated. In this respect, public institutions need to realize the importance of the housing auction market and check trends in the housing contract price in the auction market. Also, investors need to ensure that they have expertise in the auction market.